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Dec 7, 2012
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they're not going to new york. combined tax rate is above 50%. and oh, yeah, they're not going to hawaii. that's where the president takes his vacations. they're not going to hawaii because those are over 50%, too. what does california, new york and hawaii know that we don't know? >> i think they do not believe -- you can say the same thing for the obama white house -- they think america's undertaxed and the tax rates can go dramatically higher despite these examples in europe without it hurting economic growth. i think they are completely wrong. i think you can draw just the opposite conclusion of what's going on in europe. but apparently we're going down that route anyway. >> isn't that why president obama wants to raise the tax rate? he raises the tax rate in order to spend. seems to me that taxing and spending is his mantra, just like the east european mantra and the california and new york -- why would you want to raise the tax rate $1.6 trillion if youp didn didn't want to spe? that's a big number. >> it is. jared bernstein was in "the new
they're not going to new york. combined tax rate is above 50%. and oh, yeah, they're not going to hawaii. that's where the president takes his vacations. they're not going to hawaii because those are over 50%, too. what does california, new york and hawaii know that we don't know? >> i think they do not believe -- you can say the same thing for the obama white house -- they think america's undertaxed and the tax rates can go dramatically higher despite these examples in europe without it...
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Dec 3, 2012
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this is new york -- i don't mean to be too centric. the foreign cars have to replenish quickly. american cars have to be put on a trailer and take them here. >> again, those numbers coming out later on and we expect them to be good. in addition to ism which comes out at 10:00, which will be a market mover for sure. when we come back this morning, get ready for a special dividend called cramer's mad dash payable to shareholders of record today. we'll hear what jim has to say and if it can pay out for you and later, jpmorgan chief u.s. economist, michael feroli. futures up 60. back in a minute. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm
this is new york -- i don't mean to be too centric. the foreign cars have to replenish quickly. american cars have to be put on a trailer and take them here. >> again, those numbers coming out later on and we expect them to be good. in addition to ism which comes out at 10:00, which will be a market mover for sure. when we come back this morning, get ready for a special dividend called cramer's mad dash payable to shareholders of record today. we'll hear what jim has to say and if it can...
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Dec 28, 2012
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now, the new york and new jersey port is just one port that could be impacted by this. it's the second largest port to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the container cliff as well. business groups are asking president obama to use his emergency powers under taft hartley to prevent a strike. president bush did that back about ten years ago. while a strike will cause major disruptions, there are alternatives for transporting goods, rail and also air are options, but of course those options are not cheap. >> back in november, our members started putting contingency plans into place. the options were either divert containers to west coast ports, bring merchandise in earlier, use canada or mexico, or use air freight. but all of those come at a s
now, the new york and new jersey port is just one port that could be impacted by this. it's the second largest port to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the...
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Dec 24, 2012
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. >> i've had conversations with people in new york and working on trade floors. what i've been told by them is there is a huge number of meetings going on around closed doors avoiding all cameras. there has to be a solution. both parties would be blamed if they didn't have a solution. so we know there's going to away solution. it's just what solution is it going to be? >> is it fair to say a grand bargain is off the table? >> or maybe a solution for a few months just to keep it going pap complete collapse is not acceptable. it's not an option. but maybe prolonging this for another three or four months and maybe having longer discussions about it may be the only solution they can come to. >> we're talking about how taxes could potentially go up for 98% of americans. is it going to be an issue of if and when that happens, if they don't reach even a short-term solution, that you really feel it at that point? >> because we have seen alg bit of a recovery in the u.s., up until this point. and people have been feeling more positive. but if you look at the retail number
. >> i've had conversations with people in new york and working on trade floors. what i've been told by them is there is a huge number of meetings going on around closed doors avoiding all cameras. there has to be a solution. both parties would be blamed if they didn't have a solution. so we know there's going to away solution. it's just what solution is it going to be? >> is it fair to say a grand bargain is off the table? >> or maybe a solution for a few months just to keep...
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Dec 14, 2012
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we'll go to jim at the cme in chicago and the nymex in new york. jim, i would like to start with you. are you surprised by the move in crude? do you think maybe the oil market is doubting the china recovery here? >> i think it is one of two things. first to answer your question, yes i'm surprised. i think that manufacturing number should have caused crude to spike more. the fact that it hasn't means one of two things. one they either doubt the information or they doubt the story out of china or, two, there are other factors keeping crude lower. over the last few weeks it hasn't performed very well with the rest of the risk assets so to me this is a negative thing. i'm short-term negative crude. if it traded below 86.36 yesterday's low it would be more of a confirmation but the real confirmation would come about 85.75. it is mostly that it hasn't rallied off china. >> it really hasn't certainly. if we get a resolution of the fiscal cliff could that open us up for a rally here? >> i think so. when you listen to business leaders talking they are sayin
we'll go to jim at the cme in chicago and the nymex in new york. jim, i would like to start with you. are you surprised by the move in crude? do you think maybe the oil market is doubting the china recovery here? >> i think it is one of two things. first to answer your question, yes i'm surprised. i think that manufacturing number should have caused crude to spike more. the fact that it hasn't means one of two things. one they either doubt the information or they doubt the story out of...
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Dec 28, 2012
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we have our new york hotel was on the market. we have a slight hiccup in that process where we've gone with one party. we're now going back on the to the market. and early next year, we'll put our london continental on the market. why? >> because our business is about creating brands, managing other people's hotels and franchises. owning real estate, we should only own where it helps that business. for example, we've announced a couple of new grands recently, even hotels in the u.s. and china. in the u.s., you need to put your money where your mouth is. we will sell those assets, recycle them. so the intercontinentals we own for particular reasons. in london, we've just opened tinter continental. now we're in a policy to move on the one we own, take that capital, return as shareholders or recycle it and reinvest it back into the business. >> all right. stick around. straight ahead, we will talk to alistair about another election that could pose some political risk in the new year. israel's elections are less than two months away.
we have our new york hotel was on the market. we have a slight hiccup in that process where we've gone with one party. we're now going back on the to the market. and early next year, we'll put our london continental on the market. why? >> because our business is about creating brands, managing other people's hotels and franchises. owning real estate, we should only own where it helps that business. for example, we've announced a couple of new grands recently, even hotels in the u.s. and...
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Dec 18, 2012
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compared to new york and london, investments in china are relatively new. the markets he said are dominated by small time chinese investors who bet more on gossip and behavior rather than company profit. trading halls here feel like gambling debs. people in trading rooms like this one with just wiling their time away. most of them are stereo scared to get back into the market. chinese investor res paralyzed by the worst economic growth since the 1990s. historically, the markets here have gone through booms and busts, but have never gained the stad temperature of the economy. now the world's second largest. the problem is, people don't trust what they're buying. that reality was exposed by a accounting scandals in the u.s., involving new york listed chinese companies currently under scrutiny by the securities and exchange economic oh sec. >> the chinese regulatory authority only do themselves a disfavor by not being more cooperative with other international regulators such as the s.e.c. and then investors back home here will pick up on that as to whether or
compared to new york and london, investments in china are relatively new. the markets he said are dominated by small time chinese investors who bet more on gossip and behavior rather than company profit. trading halls here feel like gambling debs. people in trading rooms like this one with just wiling their time away. most of them are stereo scared to get back into the market. chinese investor res paralyzed by the worst economic growth since the 1990s. historically, the markets here have gone...
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Dec 24, 2012
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york and new jersey. are they new stores or old stores? >> the stores we visited the past weekend are the revamped stories. >> yes? >> yes, they are. the stores we visited this weekend are the revamped stores. >> that's a small percentage of the overall store base, crest? so to extrapolate this across jcpenney, it seems on the surface a big assumption. >> that's absolutely true. i was talking to our oppenheimer sales force this morning, talking to clients, that goes without saying. whenever we do store checks, i put the caveat in there, i'm only looking at a couple stores. you basically make the assumption other stores are doing something similar. that could be different. that's essentially how we do the channel checks in retail. >> brian, to the larger question of whether the success that jcpenney is having in stores like the ones you visited can be replicated and whether they have enough capital to get them there, where do you come down on that? many of the people i speak to say it seems to be working,
york and new jersey. are they new stores or old stores? >> the stores we visited the past weekend are the revamped stories. >> yes? >> yes, they are. the stores we visited this weekend are the revamped stores. >> that's a small percentage of the overall store base, crest? so to extrapolate this across jcpenney, it seems on the surface a big assumption. >> that's absolutely true. i was talking to our oppenheimer sales force this morning, talking to clients, that...
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Dec 3, 2012
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but the "new york times" does report that u.s. officials are hoping to complete the settlement with ubs maybe mid-december, but of course there could always be delays.is scant, but ubs is probably looking at a very hefty fine and shares in zurich this morning are underperforming the broader market, flat versus the market which is higher by 0.4%. ross. >> all right. thanks for that carolyn. and just a reminder, the headlines from around the globe, fiscal cliff negotiations have stalled on tax hikes. treasury secretary geithner is confident that republicans will yield. manufacturing activity in china speeds up in november. the eurozone is confirmed in contraction. and sink more airlines is looking to sell its stake in virgin atlantic. delta reported to be amongst the frontrunners. it's the start of a new week. is this the agenda for the united states. we have november ism manufacturing index due out at 10:00 a.m. forecasts there calling for a reading of 51. also at 10:00, you get october construction spending, that's expected to ris
but the "new york times" does report that u.s. officials are hoping to complete the settlement with ubs maybe mid-december, but of course there could always be delays.is scant, but ubs is probably looking at a very hefty fine and shares in zurich this morning are underperforming the broader market, flat versus the market which is higher by 0.4%. ross. >> all right. thanks for that carolyn. and just a reminder, the headlines from around the globe, fiscal cliff negotiations have...
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Dec 6, 2012
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did you see this "new york times" piece? more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get a freebie is just crazy. >> california at 52%, new york and other places -- >> when you add up all the state and local taxes. hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl those a >> boston in the city can get like that. last night i was thinking in my mother was still alive, cincinnati versus here, she would see l
did you see this "new york times" piece? more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the...
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Dec 6, 2012
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it's funny, you pick up the paper today, in the "new york times," the new imac is down. >> you take a look at any great consumer products company and it had some sort of a cult following. nike. >> it's the curse of the $600 million market cap. >> it's really big, they got to get to where the people who own it actually like it, are not worried, are not options holders. reminds me of silver at a much higher price one day. >> i think the company is trying to corner the market. >> wow, that was some move. but the we cans have to go and the people who are looking at the fiscal cliff and getting that tax bill and people are saying i do own this in my "mad money" account, i can understand why they would want to sell it. >> revenues light as well. they are claiming not only the election, not only the cliff, but broad economic concern, traffic levels coming down on this. >> this is a very well run company that has missed and made and beaten, you can see the chart, missed, made, missed, made. this is not for strond. nordstrom. >> this week on twitter, they realize people are done playing with f
it's funny, you pick up the paper today, in the "new york times," the new imac is down. >> you take a look at any great consumer products company and it had some sort of a cult following. nike. >> it's the curse of the $600 million market cap. >> it's really big, they got to get to where the people who own it actually like it, are not worried, are not options holders. reminds me of silver at a much higher price one day. >> i think the company is trying to...
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Dec 6, 2012
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fines of around $30 million will be payable on top of the 340 in fines already paid to new york state regulators in the third quarter. but despite that, q4 earnings will still ygrow in the mid single digit range. presumably actually clarity on fines is good. >> it brings closure. several thinking it could be several multiplmultiples. so improved visibility on that is definitely a positive. >> and here is city saying they're cut 1g 1,000 jobs. standard chartered is talking about hiring another 2,000 jobs. and if they get an increase in earnings, another record year. >> they're extremely well positioned. they're in the sweet spot of the global economy, where thes fastest growth is to some extent. asia, indonesia, africa. they have a very strong balance sheet. so they're in the position to really gain market share even in the context of a slightly slowing macro picture. but interestingly since the third quarter ims, we heard today from standard chartered again and they were quite upbeat particularly for the likes of singapore and i sandia and so forth. so outlook for revenue is actually
fines of around $30 million will be payable on top of the 340 in fines already paid to new york state regulators in the third quarter. but despite that, q4 earnings will still ygrow in the mid single digit range. presumably actually clarity on fines is good. >> it brings closure. several thinking it could be several multiplmultiples. so improved visibility on that is definitely a positive. >> and here is city saying they're cut 1g 1,000 jobs. standard chartered is talking about...
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Dec 12, 2012
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speaking to the council on foreign relations in new york, duke says what's going on in washington could affect their holiday shopping plans. >> the week before the election, only 1/4, 25% of our core customers even knew what fiscal cliff meant. okay? one week after the election, it was up to 75%. now these same customers, 15% of our customers are telling us this discussion about fiscal cliff will affect what they spend on christmas. >> and most americans aren't close to finished with holiday shopping yet. giving retailers a hope for a big boost in the last few weeks beforesom christmas. 58% of those surveyed said they completed half or less of their holiday shopping so far. i've got a little guilt on that front. >>> joining us for more, global ceo of sanrio. welcome. waving to the world there. >> yes. >> happy holiday. >> wearing your brand, as well. >> happy holiday from mr. mann. >> we should point out that mr. men is a key part of your strategy which is changing, is it not? >> exactly. last year we started to did mergers. this is our first acquisition, international acquisition. >> w
speaking to the council on foreign relations in new york, duke says what's going on in washington could affect their holiday shopping plans. >> the week before the election, only 1/4, 25% of our core customers even knew what fiscal cliff meant. okay? one week after the election, it was up to 75%. now these same customers, 15% of our customers are telling us this discussion about fiscal cliff will affect what they spend on christmas. >> and most americans aren't close to finished...
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Dec 19, 2012
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so for more we're joined by daniel i've, senior analyst at fbr capital markets from new york. good morning. strong set of numbers from oracle. what's the read through for the rest of the market? >> it's a great read-through, especially for q4. a lot of nervousness out there. they came through with strong numbers, and it bodes well for overall technology going into 2013. >> want to look at the details here. particularly the hardware versus software shift. now, oracle, of course, the software business continues to did well. hardware, they bought sun microsystems for, what, $5 billion, $5.6 billion a couple of years ago. and that division has posted a drop in revenue every quarter since. are we to believe that they'll finally show growth here come march? >> a good question. look, the software, you know, at this point, that's the meat and potatoes. a new software license up 10% organically. you looked real strong. that's the focus for investors. the hardware continues to be a work in progress. again, they're focusing on the more profitable areas. the key is they still expect that
so for more we're joined by daniel i've, senior analyst at fbr capital markets from new york. good morning. strong set of numbers from oracle. what's the read through for the rest of the market? >> it's a great read-through, especially for q4. a lot of nervousness out there. they came through with strong numbers, and it bodes well for overall technology going into 2013. >> want to look at the details here. particularly the hardware versus software shift. now, oracle, of course, the...
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Dec 18, 2012
12/12
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back to john berman in new york. >>> new york mets exporting cy young award winner r.a. dickey. dickey traded to the toronto blue jays in a seven-player deal and sending one of baseball's top catching procks back to new york. dickey, a great story, went from baseball's scrap heap to the king of the hill last year, winning the cy young, going 20-6 for the new york mets. >>> how about this as the subject of martin scorsese's next film. bill clinton. he will direct a documentary on clinton for hbo clinton is said to be cooperating fully with the scorsese project. >>> stormy weather in the west and midwest could affect travel plans today. want to get to ckaren mcginnis. nasty weather up here too. >> yeah, both east and west, we have some storm systems that will make difficult travel as we go toward the big travel weekend. take a look at video out of des moines, washington this is just south of seattle. they saw crashing waves, high winds, the storm system is aimed at the west coast. we'll see snow levels in seattle down to around 400 feet. traveling to the midwest, look out. are you
back to john berman in new york. >>> new york mets exporting cy young award winner r.a. dickey. dickey traded to the toronto blue jays in a seven-player deal and sending one of baseball's top catching procks back to new york. dickey, a great story, went from baseball's scrap heap to the king of the hill last year, winning the cy young, going 20-6 for the new york mets. >>> how about this as the subject of martin scorsese's next film. bill clinton. he will direct a documentary...
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Dec 18, 2012
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the entire eulogy, so powerful and beautiful, acan be seen in "the new york times," they have reprinted it there. as we talked about the tragedy bringing gun control laws to the forefront, we want to bring in joe manchin, conservative democrat from the state of virginia, and famously pro gun. nice to have you with us, sir. we certainly appreciate it. you have said it's now time to talk about gun control. what do you specifically mean? >> soledad, what we're talking about, i know that everybody is grieving as hard as we're grieving in west virginia, and i can only imagine the pain. i just can, as a parent and grandparent. so our hearts and prayers are with all of the families and all of the people of connecticut. newtown. i just -- i don't have words for that. and my sympathies for them with that being said, we haven't hopefully become a society or become even a governing body that we can't sit down and talk. we can't lay everything on the table to find out how do we move forward? we have challenges. i'm a big proponent of colin powell's five promises to children. second promise, every c
the entire eulogy, so powerful and beautiful, acan be seen in "the new york times," they have reprinted it there. as we talked about the tragedy bringing gun control laws to the forefront, we want to bring in joe manchin, conservative democrat from the state of virginia, and famously pro gun. nice to have you with us, sir. we certainly appreciate it. you have said it's now time to talk about gun control. what do you specifically mean? >> soledad, what we're talking about, i know...
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Dec 19, 2012
12/12
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if you compare any comparable area, new york to london, fax county to oxford, any comparable count, the united states with any comparable county, in europe or most parts of asia, you will find a tremendous difference between gun crimes and those gun crimes are not only associated with massive and unrestricted gun ownership but are caused by -- take another country, for example, israel, where obviously people need to have guns, there's terrorism. and there's almost no gun crime at all. in order to get a gun in israel, you have to have a 60-day waiting period. you have to take a mental health exam. you got to go to shooting ranges and pass a test. you can only get 50 bullets and that's a lifetime supply. there are enormous restrictions in that country that obviously needs a law. it's cultural, it's that part of the culture is caring more about winning over our children than >> what i find extraordinary is the callousness of politicians in america. i don't understand why some of them aren't prepared to literally stick their necks out and say, i've had enough of this. there are so few of th
if you compare any comparable area, new york to london, fax county to oxford, any comparable count, the united states with any comparable county, in europe or most parts of asia, you will find a tremendous difference between gun crimes and those gun crimes are not only associated with massive and unrestricted gun ownership but are caused by -- take another country, for example, israel, where obviously people need to have guns, there's terrorism. and there's almost no gun crime at all. in order...
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let's move to this new york post front page. it was about a young guy who pushed somebody onto a train trath who got killed onto the track. should the man have taken the photograph or helped. i guess what it says about the subway system. what you do about it. >> the picture should have been published. americans have a right to see tragedy. >> we might have had two or three dead people if somebody had not tried to jump onto the track. i don't think they are safe. i think people stand too close to the edge. we probably should have barriers and areas where the fence opened. >> first i would like to point out that he was pushed by somebody who didn't have a gun. i want to say something serious here. when i was a senior in college my boyfriend was killed in a car accident and i know the way that i felt at that moment. and i cannot imagine how this poor man's family felt looking at that picture. to me knowing how devastated i was having seen the body to see his struggle for the last minutes of his life shows to respect for life. it is
let's move to this new york post front page. it was about a young guy who pushed somebody onto a train trath who got killed onto the track. should the man have taken the photograph or helped. i guess what it says about the subway system. what you do about it. >> the picture should have been published. americans have a right to see tragedy. >> we might have had two or three dead people if somebody had not tried to jump onto the track. i don't think they are safe. i think people stand...
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let's move to this "new york post" front page. it was about a young guy who pushed somebody on to a train track, who got killed. should the man have taken the photograph or helped? he said it happened too quickly. i guess what it says about the subway system in america, about that kind of crime, what do you do about it? alan dershowitz? >> the picture should have been published. americans have a right to see tragedy. we shouldn't fault anybody for not putting their lives in risk. judge not lest you be judged. and third of all, about the subways, yeah. i travel on the subways all the time. i don't think they're safe. i think people stand too close to the edge. people could easily push people on to the subway. we probably should have barriers and have a fence open where the door comes in. we should do more to protect people. >> first, i would like to point out that he was pushed by somebody who didn't have a gun. i want to say something serious here. not a lot of people know this about me. when i was a senior in college my boyfriend
let's move to this "new york post" front page. it was about a young guy who pushed somebody on to a train track, who got killed. should the man have taken the photograph or helped? he said it happened too quickly. i guess what it says about the subway system in america, about that kind of crime, what do you do about it? alan dershowitz? >> the picture should have been published. americans have a right to see tragedy. we shouldn't fault anybody for not putting their lives in...
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news corp. owns "the new york post." they're not known for their ethics. but you would think they would go out of their way to not disrespect this. >> i'm sure it is their argument, is that every form of media has been running the photograph on their front page. and there's a hypocrisy there. if you feel that strongly, don't use the darn thing. >> think of the most iconic photos ever published. the photograph of the little boy with his hands up during the holocaust. the photograph of the little girl about to be killed during the vietnam war. photography is real life. and the public has the right to see the drama, the tragedy, and the horrors. and newspapers have an obligation to report. we can debate the ethics. but the newspapers should put it out there. >> but those photos are about sending a message. you see pictures of starving children. you're trying to send a message to the rest of the world. what benefit did this photo have? what did this photo have benefit for? >> this is a debate all over america. it has been used by every form of media, who are r
news corp. owns "the new york post." they're not known for their ethics. but you would think they would go out of their way to not disrespect this. >> i'm sure it is their argument, is that every form of media has been running the photograph on their front page. and there's a hypocrisy there. if you feel that strongly, don't use the darn thing. >> think of the most iconic photos ever published. the photograph of the little boy with his hands up during the holocaust. the...
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Dec 10, 2012
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right now in albany, new york, upstate new york where the moisture moved in, it's 40 degrees. northern maine, 8 to 10 inches, pretty much it. the air not that cold. where the heaviest rain is. nashville, places seeing gusts to 15 miles per hour. 2 to 4 inches of rain potentially, locally. 1 to 3. heavy rain potentially severe weather. record heat today. new york city, jfk, could see 57. one degree shy of the record. and rain, incredibly foggy. could hit 60 degrees. washington. pensacola, enjoy the 60s and 70s, front moves through the east today. drops 15 to 20 degrees. everyone gets into the cold there. guys. >> alexandra steele, a whole lot of weather this morning. >> yeah. we like it! >> 41 minutes past the hour. a shocking new report in "the boston globe." the u.s. government is quietly releasing thousands of dangerous undocumented immigrants, including rapists and murderers, back on streets because their home countries won't take them. maria is a reporter who broke this story for the globe. and i would like to start with how your report opens up. a tragic tale of a legal i
right now in albany, new york, upstate new york where the moisture moved in, it's 40 degrees. northern maine, 8 to 10 inches, pretty much it. the air not that cold. where the heaviest rain is. nashville, places seeing gusts to 15 miles per hour. 2 to 4 inches of rain potentially, locally. 1 to 3. heavy rain potentially severe weather. record heat today. new york city, jfk, could see 57. one degree shy of the record. and rain, incredibly foggy. could hit 60 degrees. washington. pensacola, enjoy...
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and that would be great news for your 401(k). maribel aber is live at the new york stock exchange. why the rosie outlook? >> this is coming from a strategist who has been with goldman for more than 20 years, known for being optimistic. abby joseph cohen. she points to a couple of reasons for the rally she's expecting. for one, the fundamentals of the market are healthy. large companies have excess cash and are benefiting from historically low interest rates. two, to put it simply, consumers have money to spend. they're carrying less personal debt than any time since the '90s. when americans spend, carol, the economy grows. that ends up translating to investors as being more confident. confident enough to buy into the market. since most 401(k)s closely track the s&p 500, this 10% to 15% rise cohen is expecting would be great for your retirement savings. if you start the year with, say, $30,000 and the index gains 15%, you're looking at almost $5,000 in gains. so it probably won't surprise you that the fiscal cliff, though, is a concern. but, you know what, cohen says even if the mar
and that would be great news for your 401(k). maribel aber is live at the new york stock exchange. why the rosie outlook? >> this is coming from a strategist who has been with goldman for more than 20 years, known for being optimistic. abby joseph cohen. she points to a couple of reasons for the rally she's expecting. for one, the fundamentals of the market are healthy. large companies have excess cash and are benefiting from historically low interest rates. two, to put it simply,...
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Dec 10, 2012
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new york city, flirting with records. washington, 60 and pensacola to west palm beach, cold front will move through and drop temperatures 20 degrees tomorrow. >> all right. bundle up. thanks. >> sure. >>> well, in one corner, the man who lost the presidential election and the other, the man who got knocked out this weekend. the behind the scenes fight night meeting between mitt romney and manny pacquiao. that's next. stay with us. santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here you go. that was a fun trick! see? santa's okay. walk it off santa. share videos instantly with s-beam. on the galaxy siii and note ii. for a limited time get two flip covers for the price of one. exclusively at verizon. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer anima
new york city, flirting with records. washington, 60 and pensacola to west palm beach, cold front will move through and drop temperatures 20 degrees tomorrow. >> all right. bundle up. thanks. >> sure. >>> well, in one corner, the man who lost the presidential election and the other, the man who got knocked out this weekend. the behind the scenes fight night meeting between mitt romney and manny pacquiao. that's next. stay with us. santa! want to see some magic? watch this!...
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. >>> you'd never know it's the holidays in new york city by the temperatures. it's been in the 60s here this week. i'm worried by daffodils are going to come up. where's winter? meteorologist alexandra steele is in for rob. >> today new york you will be in the 40s but you know, where's it been? in the last two weeks or so, we've had 1,600 record highs. of course with the warmth we've had a lack of early snow in the midwest and also in the northeast. of course they go hand in hand. take a look at this. it's been 276 days in chicago without measurable snow. measurables is a tenth of an inch or more. we could break the record in milwaukee. it's been 275 days without measurable snow. the record there only a few days from now. really no big snowstorms, not even an inch coming for some of these places but that will change. colder air is coming. i promise if you're looking for it. we've seen such cold air in alaska and in canada. that wilt drain farther south. the jet stream allows these temperatures to drop off and afford snow if the moisture moves in. 15 to 25 degre
. >>> you'd never know it's the holidays in new york city by the temperatures. it's been in the 60s here this week. i'm worried by daffodils are going to come up. where's winter? meteorologist alexandra steele is in for rob. >> today new york you will be in the 40s but you know, where's it been? in the last two weeks or so, we've had 1,600 record highs. of course with the warmth we've had a lack of early snow in the midwest and also in the northeast. of course they go hand in...
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Dec 20, 2012
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no one deserved this. >> reporter: poppy harlow, cnn courtland manor, new york. >> go to cnn.com/impact. [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. >>> as if holiday travel isn't chaotic enough. just as millions of you are about to hit the road or head out for your flight for the holidays, many of you are going to have to deal with this instead. a massive storm system causing blizzards in the midwest, stirring up a deadly dust storm on the bottom of your screen there and also spawning tornadoes in the south. half a dozen states across the midwest from nebraska to minnesota and wisconsin all of them are under blizzard warnings as we speak. i want to get you straight to our meteorologist karen maginnis who is monitoring everything from cnn's weather center. how fast are things changing, karen? >> hour by hour. and we've watched
no one deserved this. >> reporter: poppy harlow, cnn courtland manor, new york. >> go to cnn.com/impact. [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. >>> as if holiday travel isn't chaotic enough. just as millions...
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Dec 27, 2012
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take us back to new york and you'll see we had 12 inches of snow in swain, new york. we also have new pictures out of hamburg, new york, near buffalo where the snow plows are always out and about. but even the suvs are having trouble with traction on these snow-covered roads. looking at radar, the snow is moving away from buffalo and is pulling to the east so it's hitting areas hard across areas to buffalo, further to the north towards syracuse and you see temperatures getting much colder. so 39 degrees in new york city. those numbers will go down as the colder air comes in. look at the airport delays, a big travel week. we're expecting them across major metropolitan areas in the east and in the west. heavy rain through connecticut into boston providence right now. new york city, you're getting a break but there's a batch of rain headed your way and it will be wind-swept rain so the rain will be blowing sideways today. good day to hold on to your umbrella or stay inside if you can. >> a lot of people trying to get home or get back from vacation, doing all that traveli
take us back to new york and you'll see we had 12 inches of snow in swain, new york. we also have new pictures out of hamburg, new york, near buffalo where the snow plows are always out and about. but even the suvs are having trouble with traction on these snow-covered roads. looking at radar, the snow is moving away from buffalo and is pulling to the east so it's hitting areas hard across areas to buffalo, further to the north towards syracuse and you see temperatures getting much colder. so...
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Dec 24, 2012
12/12
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high winds are threatening to delay flights in new york, philadelphia and washington. >>> the report you're about to see has very graphic images of people hurt and dying. the latest from western syria, where more than 100 people were killed today as they waited in line for bred. mohammed jamjoon is in bay routes. >> reporter: a scene filled with carnage. a massacre, screams the man. they targeted the bakery. a bakery where hungry civilians have been standing in line to get bread. one eyewitness described the grizzly aftermath. >> from 200 meters away, i could see corpses as i walked toward the bakery. bodies piled on top of each other, it was an impossible scene. there was no word to describe it. >> he was one of the first on the scene filmed this video. the wounded are carried away as rebels and civilians dig up mangled corporations from the rubble. shock and grief quickly turned to anger. where are you world asks this man pointing to the destruction. come see the bodies. they were waiting for bread. activists tell cnn this town is full of anti-regime sentiment. >> he was liberated
high winds are threatening to delay flights in new york, philadelphia and washington. >>> the report you're about to see has very graphic images of people hurt and dying. the latest from western syria, where more than 100 people were killed today as they waited in line for bred. mohammed jamjoon is in bay routes. >> reporter: a scene filled with carnage. a massacre, screams the man. they targeted the bakery. a bakery where hungry civilians have been standing in line to get bread....
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Dec 27, 2012
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new york city. it shows homes where public records indicate someone living there holds a gun permit. that was part of an article called "the gun owner next door." the newspaper says they got the information from public records and it has readers online furious, including one blogger who decided to strike back by posting the home addresses of most of the leadership and staff of the newspapers the journal-news." that blogger is christopher fountain, his blog "for what it's worth" can be found at christopherfountain.wordpress. com. we reached out to the editors and the publisher and some of the people you named to invite them on to the show. they issued a statement, the publisher janet hassan said "one of our roles is to report publicly available information on timely issues, even when unpopular. we knew publication of the database, as well as the accompanying article providing context, would be controversial, but we felt sharing information about gun permits in our area was important in the aftermath
new york city. it shows homes where public records indicate someone living there holds a gun permit. that was part of an article called "the gun owner next door." the newspaper says they got the information from public records and it has readers online furious, including one blogger who decided to strike back by posting the home addresses of most of the leadership and staff of the newspapers the journal-news." that blogger is christopher fountain, his blog "for what it's...
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Dec 23, 2012
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i'm coming to new york, st. james you an extended run starting tend of the january that will be very fun. >> very, very cool. the only thing we can say is happy holidays and break a leg. >> and thanks for asking. happy holiday for everybody. >> thanks very much. >> bye bye, miguel. >> bye bye. >>> well, as we come to the end of 2012, what are the hot trends for the new year? we will look at everything from technology to toys. [ bells dinging ] ♪ hark how the bells, sweet silver bells ♪ ♪ all seem to say throw care away ♪ ♪ from everywhere, filling the air ♪ [ female announcer ] chex party mix. easy 15-minute homemade recipes you just pop in a microwave. like caramel chocolate drizzles. happier holidays. chex party mix. >>> we can't predict the future. josh levs can. we can make some educated guesses but what's ahead in 2013 but josh levs, our chief everything correspondent, is here to tell us what to expect in everything from business to travel to food. josh? >> better than yesterday when you declare
i'm coming to new york, st. james you an extended run starting tend of the january that will be very fun. >> very, very cool. the only thing we can say is happy holidays and break a leg. >> and thanks for asking. happy holiday for everybody. >> thanks very much. >> bye bye, miguel. >> bye bye. >>> well, as we come to the end of 2012, what are the hot trends for the new year? we will look at everything from technology to toys. [ bells dinging ] ♪ hark how...
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Dec 21, 2012
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york for us. as we wait, wolf, let's start with you. is this, in fact, a turning point for guns in america? do you think we'll hear anything like that in this press conference? >> i know a lot of attitudes have hardened as a result of what has happened over the past week in newtown, connecticut. you were there, i was there, and people all over the country and all over the world are outraged by the horrible nature of that massacre that occurred at the elementary school. >> here he is, wolf. sorry to cut you off. here he is. let's listen. >> good morning. i'm dave keene, president of the national rifle association of america, and i'd like to welcome you here this morning for the purposes of beginning our discussion of the topic that's been on the minds of american parents across this country, and that is what do we do about the tragedies of the sort that struck in newtown, connecticut, to avoid such events in the future. like most americans, we were shocked by what happened. like all americans, we'v
york for us. as we wait, wolf, let's start with you. is this, in fact, a turning point for guns in america? do you think we'll hear anything like that in this press conference? >> i know a lot of attitudes have hardened as a result of what has happened over the past week in newtown, connecticut. you were there, i was there, and people all over the country and all over the world are outraged by the horrible nature of that massacre that occurred at the elementary school. >> here he...
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Dec 20, 2012
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new york and detroit and others. australia is an example of a country that did this on a massive scale after they had a horrific killing like what we had just seen. 35 people killed in a sea side resort. they came together within two weeks and signed a national firearms agreement that banned assault weapons and various automatic weapons and coupled that with a compulsory buy back because the feeling was if you were going to ban the weapons, huh to compensate citizens who had already bought those. over the next two year, they bought back 1/5 of the guns in the country and melted them down. >> that's incredible and a lot of us have been talking about taz mania and i have an aussie on my writing teams. she points out that the gun culture in australia is different than here. let's say there laws and you have something like 300 million guns out here. >> isn't that impossible? >> they are not going to do it on their honor. we are suggesting we overpay. >> how much? >> 500 will be okay for the smaller caliber things and i h
new york and detroit and others. australia is an example of a country that did this on a massive scale after they had a horrific killing like what we had just seen. 35 people killed in a sea side resort. they came together within two weeks and signed a national firearms agreement that banned assault weapons and various automatic weapons and coupled that with a compulsory buy back because the feeling was if you were going to ban the weapons, huh to compensate citizens who had already bought...
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Dec 30, 2012
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this adds a twist to the case that riled new york. this is the second incident that has occurred at subway tracks in which somebody was killed and put to their death underneath the cars in the last month. the past one happened in the beginning part of the month in times square. that individual was charged, it seems we now have a second person just in the month of december, and this time they are being charged with a hate crime. don? >> and you know, david, i am in new york off and on, between here and i'm afraid to go close to the tracks now. most people look to see if the train is coming. new yorkers are not doing that so much these days, are they? >> well, there's a yellow line, as you know, that is in front of the tracks. and you know, when that train comes, there's the few people that look over and see when the train is coming. in a city of 8 million people and so many of those people take the subways every day, when you have two deaths by someone who pushed them, it creates a sense of fear and anxiety of those people using the su
this adds a twist to the case that riled new york. this is the second incident that has occurred at subway tracks in which somebody was killed and put to their death underneath the cars in the last month. the past one happened in the beginning part of the month in times square. that individual was charged, it seems we now have a second person just in the month of december, and this time they are being charged with a hate crime. don? >> and you know, david, i am in new york off and on,...
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Dec 8, 2012
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the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at ea
the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open,...
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Dec 9, 2012
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the first day same-sex marriage was legal in new york state. thank you guys for joining us. >> thank you. >> thank you. thanks for having us. >> before i get into all this, did you ever think in your lifetime -- from the attorneys who are presenting this case, who have been fighting this case, a liberal and a conservative and a republican. and they both say it is a civil rights issue, it's not a left versus right thing, it is a civil rights issue and it's a civil rights issue of our generation. >> we absolutely agree with that. this is it. this is the civil rights issue of our generation. and it is so because when a group of people are denied the same rights that other people have because of who they are and who they love, it's not right. and these are our civil rights that we're talking about. >> what do you say to people who -- where is the disconnect here? why can't some people just see that equal rights mean equal rights for everyone? >> i don't really understand the reason why. and all we can do is to be out, to be open and to hope that pe
the first day same-sex marriage was legal in new york state. thank you guys for joining us. >> thank you. >> thank you. thanks for having us. >> before i get into all this, did you ever think in your lifetime -- from the attorneys who are presenting this case, who have been fighting this case, a liberal and a conservative and a republican. and they both say it is a civil rights issue, it's not a left versus right thing, it is a civil rights issue and it's a civil rights issue...
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Dec 8, 2012
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spire died in 2007 in new york at a time when new york recognized same-sex marriages that were performed outside the state. she was required to pay $363,000 on federal estate taxes on her inheritance that she would not have had to pay that opposite marriages get. so, a pretty clean case here and even the obama administration has already said it doesn't think the constitutionality of the defensive marriage act can withstand a legal attack. the second case the court decided to take on is proposition 8, the california ballot initiative adding a state constitutional amendment in 2008 that said only marriage between a man or woman is valid or recognized in california. it overturned a court ruling that said same-sex couples have a right to marry. the cases are likely to be heard in march and decided some time in june. randi? >> joe johns, thank you very much. >>> so, the decisions handed down next year but as jeffrey toobin told anderson cooper just the fact that they'll hear the cases is a landmark move. >> in 1967 was also the decision that said interracial marriage could not be banned by st
spire died in 2007 in new york at a time when new york recognized same-sex marriages that were performed outside the state. she was required to pay $363,000 on federal estate taxes on her inheritance that she would not have had to pay that opposite marriages get. so, a pretty clean case here and even the obama administration has already said it doesn't think the constitutionality of the defensive marriage act can withstand a legal attack. the second case the court decided to take on is...
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Dec 20, 2012
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the "new york daily news" is reporting he is going to ask to be traded. not exactly a ringing endorsement or anything from rex ryan. i mean wow. >> nothing. can we just acknowledge the craziness here? we're talking about a football team that is 6-8 and is not going to go to the playoffs this year for the second consecutive year but the jets are the story and it's because of tim tebow who is this intensely polarizing player who electrified the country as a member of the denver broncos. >> do you think he's asking to be traded? >> i think that's definitely a possibility. i think mark sanchez, who is the other jets quarterback being passed over here, he could also be gone. there's a lot of turmoil. >> why are they not using tebow? there was this gigantic fan fare when he came in and i don't think in terms of playing he was a star, but certainly in terms of what he could bring for the team he was. why is this not the opportunity? they're losing anyway. >> of course. you'd think a team like the jets, which has always been into doing crazy things would not use
the "new york daily news" is reporting he is going to ask to be traded. not exactly a ringing endorsement or anything from rex ryan. i mean wow. >> nothing. can we just acknowledge the craziness here? we're talking about a football team that is 6-8 and is not going to go to the playoffs this year for the second consecutive year but the jets are the story and it's because of tim tebow who is this intensely polarizing player who electrified the country as a member of the denver...
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Dec 8, 2012
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including the heart of new york's times square. >> pacquiao barely seems to notice the chaos around him. by this point, he's well used to surprises at the wild card. often in the form of onlookers who want a peek at the champ at work. >> very difficult to keep everybody out of the gym. there's a lot of friends, a lot of family. takes management. we have to treat every situation individually. doing the best we can. >> bold-faced names tend to be allowed through the ropes. like on recent visits, actor and boxer aficionado mark wahlberg, former world champion evander holyfield, and basketball greats charles barkley and reggie miller. >> it's a special day for me and reggie because we're big boxing fans. getting to spend a day watching one of the greatest boxers of all time train. >> just a few days go, pacquiao's wife made her first appearance, fresh off a flight from the philippines. >> also making a rare trip stateside for this fight, the boxer's father, rosalio. >> through it all, the commotion, the cameras, the callers, the boxer's focus has been sharp. a far cry from what transpired a
including the heart of new york's times square. >> pacquiao barely seems to notice the chaos around him. by this point, he's well used to surprises at the wild card. often in the form of onlookers who want a peek at the champ at work. >> very difficult to keep everybody out of the gym. there's a lot of friends, a lot of family. takes management. we have to treat every situation individually. doing the best we can. >> bold-faced names tend to be allowed through the ropes. like...
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Dec 29, 2012
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david ariosto is live in new york with this new development. let me ask you, first of all, how did they find her? i mean was that police sketch helpful? >> that's what they're saying. they picked her up based on that sketch. we do know that this woman is a hispanic woman, she's in her 30s. we also know she has not yet been formally charged. so the question of whether or not this is indeed the woman who was seep on that security video, it seems to be the case. it's not yet confirmed by police but they are saying that the sketch is what led them to her. now, this is a case that has riled all of new york. especially in queens, particularly that section where i live, many people are concerned about this. have read about this in the papers and many people take the subway to work every day. 8.58 million people live in the city and many of those people take the subway. sort of the life blood of the city as it were. this is the second time now that we've seen within this month that we've seen someone being pushed to their deathing in the subway system.
david ariosto is live in new york with this new development. let me ask you, first of all, how did they find her? i mean was that police sketch helpful? >> that's what they're saying. they picked her up based on that sketch. we do know that this woman is a hispanic woman, she's in her 30s. we also know she has not yet been formally charged. so the question of whether or not this is indeed the woman who was seep on that security video, it seems to be the case. it's not yet confirmed by...
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Dec 28, 2012
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alison kosik is at the new york stock exchange to explain this. so what is this all about? >> first of all, this would affect anyone who foreclosures on their home or who sells their home as what's known as a short sale. that's when you sell your home at a loss but avoid foreclosure. this could involve up to a million people. this is about a law put in place in 2007 called the mortgage forgiveness debt relief act. let's say you sell your house for $100,000 but your mortgage is $150,000. you normally have to pay taxes on the remaining $50,000. this law excuses homeowners from paying that tax. this law is expiring in a few days as part of the fiscal cliff. if congress does nothing, homeowners selling at a loss will have a big tax bill to deal with. it could be in the tens of thousands of dollars. it it comes at a time when they can least afford it. >> how are the markets doing today with all the news about the fiscal cliff and going over it being a possibility? >> markets are selling off just a bit. the dow is down 75 points. with rumors of congress coming back into session o
alison kosik is at the new york stock exchange to explain this. so what is this all about? >> first of all, this would affect anyone who foreclosures on their home or who sells their home as what's known as a short sale. that's when you sell your home at a loss but avoid foreclosure. this could involve up to a million people. this is about a law put in place in 2007 called the mortgage forgiveness debt relief act. let's say you sell your house for $100,000 but your mortgage is $150,000....
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Dec 29, 2012
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and as you know, new york has 8 million people, many of them take the subway. it's sort of the lifeblood of the city here. and so it has certainly rocked new yorkers and particularly those in queens where this has happened. don? >> unbelievable. and this whole hate crime thing takes the story to an entirely different level now. we're going to be covering this for the time being. thank you very much, david ariosta for covering both those stories. >>> the family of the 6-year-old girl who survived the sandy hook attack is filing suit. the family is asking the state for $100 million. the little girl known only as jane dough was sitting in the classroom. her attorney says she is traumatized after hearing the attack unfold over the school's loud speaker system. it's the first legal action after the massacre. >>> new research points to a strong link between environmental changes, millions of years ago in the evolution of the human mind. can big, traumatic events still change how we think? that's next. [ female announcer ] what if the next big thing, isn't a thing at
and as you know, new york has 8 million people, many of them take the subway. it's sort of the lifeblood of the city here. and so it has certainly rocked new yorkers and particularly those in queens where this has happened. don? >> unbelievable. and this whole hate crime thing takes the story to an entirely different level now. we're going to be covering this for the time being. thank you very much, david ariosta for covering both those stories. >>> the family of the 6-year-old...
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Dec 26, 2012
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it serving part of the new york area. they mapped in westchester and rockland counties information on gun permit holders. it doesn't mean each home has one, but each of these circles -- i won't click them here to show you my journalistic point here. the fury is about if you zoom in on any of these and you you click on a circle, you get information who the person is and what the address is. that helps anyone who wants to know who is a gun permit holder in the area. they have a second map people might not have seen as much. this is the blue here in another county. they say the blue represents the people who have updated their -- the permit holders that center purchased a firearm or updated their permit in the past five years in rockland county. so they got some information from different counties. now, this has set off a ton of anger online. so much so that the newspaper itself is talking about it. first, i'll show you a few quotes among the thousands on the website itself of this newspaper. this is crazy. i hope you lose r
it serving part of the new york area. they mapped in westchester and rockland counties information on gun permit holders. it doesn't mean each home has one, but each of these circles -- i won't click them here to show you my journalistic point here. the fury is about if you zoom in on any of these and you you click on a circle, you get information who the person is and what the address is. that helps anyone who wants to know who is a gun permit holder in the area. they have a second map people...
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the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. [ female announcer ] with cisco at the center, why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the nu
the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. [ female announcer ] with cisco at the center, why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most...
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they canceled their plans to meet for a holiday celebration in new york city, every single one of them came home instead. >> we've all been such good friends such a long time. we all grew up here. and it's so close-knit, this community. everyone kind of has each other's backs and does whatever it can to help each other out. >> we will be leaving newtown to give this small town its streets back. for the residents here to grieve and share together. but we're not going to stop covering this or talking about it in honor of those who died to make those in power take action to stop anything like this from happening again. "piers morgan starts now." >>> tonight, two more funerals, two more impossibly small coffins what will america do to stop a madman. >> i am a supporter of the second amendment. but i believe it's time for us to move a different direction. >> and the congresswoman who lost her husband in the long island railroad shooting. >>> also, i'll go one-on-one with a gun advocate who said that lawmakers who vote for gun control have blood on their hands. could he be serious? >>> and w
they canceled their plans to meet for a holiday celebration in new york city, every single one of them came home instead. >> we've all been such good friends such a long time. we all grew up here. and it's so close-knit, this community. everyone kind of has each other's backs and does whatever it can to help each other out. >> we will be leaving newtown to give this small town its streets back. for the residents here to grieve and share together. but we're not going to stop covering...
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christine romans is in new york. dan lothian, our white house correspondent, is at the white house right now. but christine, i want to start with you and the bottom line. i mean, political posturing aside, if we go off the fiscal cliff, everybody's taxes are going to be raised an average of what, between $3,000 and $4,000 and if the stock market continues to tank, no one will be able to retire until they're 92 years old. >> merry cliff-mas, to all a good night. i don't see a path forward here. that's what's so interesting about what you have here. we're right where we started. it's like ground hog day only the movie was funny. this isn't funny. this is two sides who can't get together, and you've got one side talking about spending cuts, the other side talking about taxes, and we're just right where -- we are literally right where we started, carol, and you've got payroll processors who say it's already too late. the irs saying 30 million people could pay higher amt and 100 million people are going to have tax refund
christine romans is in new york. dan lothian, our white house correspondent, is at the white house right now. but christine, i want to start with you and the bottom line. i mean, political posturing aside, if we go off the fiscal cliff, everybody's taxes are going to be raised an average of what, between $3,000 and $4,000 and if the stock market continues to tank, no one will be able to retire until they're 92 years old. >> merry cliff-mas, to all a good night. i don't see a path forward...